Why Businesses Need a Plan to Monetize IoT

The Internet of Things market opportunity is predicted to be worth 4.3 trillion in 2024 according to Machina Research. With all these connected devices set to launch, businesses will need a plan to capitalize on the economic potential. However, many companies are not sure where to begin with developing a policy and charging strategy to monetize IoT.

To start capitalizing on the growing market of IoT enterprises will need to be prepared to develop and deploy new products and services quickly. Consumers are also expecting these products and services to offer high performance and flexibility. This will require a dynamic policy and charging platform that offers scalability, maintainability and ease of use. It should be able to be applied to any hardware, within the cloud and configurable with third parties.

Developing an IoT Monetization Strategy

To create an IoT monetization plan companies will need a platform that allows them to create new revenue streams, personalize services, and monetize new business models and smart cities. With our policy and charging platform enterprises can receive a dynamic diameter engine, dynamic charging engine and dynamic policy engine.

This allows businesses several benefits, including:

High performance, scalable platform with a small footprint

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